The following selected account balances have been taken:ABC Company's general ledger as of January 1, 2020, and31 December 2020:                  1 January 2020 31 December 2020  Unearned income 12,000 22,000  Stock 59,000 40,000  Accounts payable 40,000 51,000  Salaries payable 9.000 3.000  Investments 96.000 63,000  Receivables 75,000 86,000  Land 58,000 88,000  Mortgage payable 120,000 95,000  Common stock 100,000 180,000  Retained earnings 22,000 35,000The following information is from ABC Company.2020 income statement:  Sales revenue $426,000  Cost of goods sold 300,000  Salary expense 94,000  Loss on sale of investments 6,000  Net income $26,000Calculate the amount of cash collected from customers throughout 2020.

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Answer Cash Collected from Customers Be... View the full answer